3 Bed Semi-Detached House, Refurb/BRRR, Leeds, LS16 6JB, £295,000

Spen Lane, Leeds, West Yorkshire, LS16 6JB - 10 views - 11 days ago

Motivated
Refurb/BRRR
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£157K - £510K
Sold Prices/m²£1.8K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£261,563

 

 

End Value (After Refurb)

£288,213

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£20,700

Refurb Costs

£36,800

Bridging Loan Interest

£7,744

Total Cash In

£140,744

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£288,213

Mortgage (After Refinance)

£216,159

Mortgage LTV

75%

Cash Left In

£140,744

Equity

£72,053

Rent Range

£950 - £1,400

Rent Estimate

£1,194

Running Costs/mo

£1,159

Cashflow/mo

£35

Cashflow/yr

£414

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £157K to £510K, average is £273.8K. £1.8K/m² to £4K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£277K02/210 mi480, Spen Lane, Leeds, West Yorkshire LS16 6JB3
£395K04/210.05 mi139, Otley Old Road, Leeds, West Yorkshire LS16 6HH3
£355.5K02/230.08 mi44, Spennithorne Avenue, Leeds, West Yorkshire LS16 6JA3
£381K12/200.12 mi60, Spennithorne Avenue, Leeds, West Yorkshire LS16 6JA3
£350K03/230.16 mi48, Otley Old Road, Leeds, West Yorkshire LS16 6HW3
£194.3K04/210.16 mi3, Luttrell Close, Leeds, West Yorkshire LS16 6LR3
£315K02/240.22 mi102, New Adel Lane, Leeds, West Yorkshire LS16 6BB3
£180K12/220.24 mi3, Parkstone Place, Leeds, West Yorkshire LS16 6EP3
£233.4K04/240.27 mi9, Parkstone Avenue, Leeds, West Yorkshire LS16 6EW3
£369K10/230.27 mi8, New Adel Avenue, Leeds, West Yorkshire LS16 6BE3
£310K03/230.27 mi9, New Adel Avenue, Leeds, West Yorkshire LS16 6BE3
£290K12/200.27 mi11, Wynford Rise, Leeds, West Yorkshire LS16 6HX3
£270K06/230.28 mi4, Parkstone Green, Leeds, West Yorkshire LS16 6EU3
£272.5K01/240.28 mi28, Parkstone Avenue, Leeds, West Yorkshire LS16 6EN3
£270K06/210.28 mi20, Parkstone Avenue, Leeds, West Yorkshire LS16 6EN3
£289.9K06/210.28 mi18, Parkstone Avenue, Leeds, West Yorkshire LS16 6EN3
£220K05/230.29 mi17, Parkstone Grove, Leeds, West Yorkshire LS16 6EX3
£244K04/210.29 mi432, Spen Lane, Leeds, West Yorkshire LS16 6JF3
£360K06/240.29 mi414, Spen Lane, Leeds, West Yorkshire LS16 6JF3
£283K12/200.29 mi428, Spen Lane, Leeds, West Yorkshire LS16 6JF3
£176K11/200.29 mi183, Iveson Drive, Leeds, West Yorkshire LS16 6NY3
£318K09/210.3 mi37, Wynford Terrace, Leeds, West Yorkshire LS16 6HU3
£419.9K03/240.3 mi24, New Adel Gardens, Leeds, West Yorkshire LS16 6BD3
£305K08/230.33 mi8, Wynford Avenue, Leeds, West Yorkshire LS16 6JW3
£352.5K02/230.33 mi66, Wynford Avenue, Leeds, West Yorkshire LS16 6JW3
£311K09/210.36 mi399, Spen Lane, Leeds, West Yorkshire LS16 6JG3
£345K04/230.39 mi18, Laith Road, Leeds, West Yorkshire LS16 6LF3
£385K11/230.4 mi14, Wynford Mount, Leeds, West Yorkshire LS16 6JH3
£225K03/230.4 mi26, Raynel Drive, Leeds, West Yorkshire LS16 6BS3
£181.8K09/230.4 mi4, Raynel Drive, Leeds, West Yorkshire LS16 6BS3
£206K06/230.41 mi147, Iveson Drive, Leeds, West Yorkshire LS16 6NR3
£480K10/200.42 mi1, Wynford Grove, Leeds, West Yorkshire LS16 6JL3
£188.2K10/210.43 mi3, Laith Green, Leeds, West Yorkshire LS16 6NH3
£214K05/230.45 mi17, Raynel Green, Leeds, West Yorkshire LS16 6BT3
£210K01/240.45 mi46, Iveson Drive, Leeds, West Yorkshire LS16 6NL3
£330K12/220.49 mi6, Shepcote Close, Leeds, West Yorkshire LS16 6SB3
£275K02/210.49 mi4, Shepcote Close, Leeds, West Yorkshire LS16 6SB3
£285K06/230.51 mi15, Silk Mill Mews, Leeds, West Yorkshire LS16 6SU3
£208K07/210.51 mi120, Otley Old Road, Leeds, West Yorkshire LS16 6JS3
£250K01/230.52 mi5, Latchmere Walk, Leeds, West Yorkshire LS16 5DW3
£287K03/230.52 mi5, Latchmere Gardens, Leeds, West Yorkshire LS16 5DN3
£157K02/210.52 mi17, Raynel Mount, Leeds, West Yorkshire LS16 6BR3
£250K10/210.53 mi2, Raynel Way, Leeds, West Yorkshire LS16 6JU3
£205K07/230.53 mi7, Raynel Way, Leeds, West Yorkshire LS16 6JU3
£190K01/210.53 mi14, Raynel Way, Leeds, West Yorkshire LS16 6JU3
£510K01/230.54 mi25, The Crescent, Adel, Leeds, West Yorkshire LS16 6AA3
£250K02/230.55 mi38, Latchmere Drive, Leeds, West Yorkshire LS16 5DL3
£215K12/210.56 mi49, Raynel Drive, Leeds, West Yorkshire LS16 6BP3
£207K02/240.56 mi63, Raynel Drive, Leeds, West Yorkshire LS16 6BP3
£225K08/230.57 mi2, Latchmere Close, Leeds, West Yorkshire LS16 5BZ3

Local Rents

14 rents from £950/mo to £1.4K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,02511/240.12 mi-3
£95005/240.22 miIveson Drive, Leeds, West Yorkshire3
£1,10005/240.22 miIveson Rise, Ireland Wood, Leeds3
£1,10005/240.26 miParkstone Mount, Leeds, LS163
£1,35006/240.32 mi-3
£1,40004/250.33 mi-3
£1,30003/240.4 mi-3
£1,35010/230.43 mi-3
£1,35001/250.43 mi-3
£1,20002/250.44 mi-3
£95012/240.49 mi-3
£1,29505/240.5 miLatchmere Gardens, Leeds, West Yorkshire, LS163
£1,00005/240.53 miRaynel Way, Adel, Leeds3
£1,35005/240.59 miBroomfield, Leeds3

Local Area Statistics

Population in LS16

35,198

Population in Leeds

635,166

Town centre distance

3.51 miles away

Nearest school

0.20 miles away

Nearest train station

1.26 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+38%

Sales demand

Seller's market

Capital growth (5yrs)

+20%

Property History

Listed for £295,000

April 4, 2025

Floor Plans

Description

  • Council Tax Band C, Freehold, +
  • Spacious Living Room with Dual Aspect Bay WIndows with Ample Space for Dining +
  • Fitted Kitchen +
  • Three Bedrooms Two with Bay Windows +
  • Bathroom +
  • In Need of Modednisation +
  • Large Rear Garden +
  • Off Road Parking and Garage +
  • Viewing Advised +

This 3 bedroom semi detached property is in need of modernisation, but has potential to transform into a stunning family home. Situated in Leeds Just north of the city centre with good commuting links, early viewing is advised.

This semi detached home in need of modernisation is located in Leeds with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entrance way, a spacious living room with ample room for dining and a fitted kitchen.

To the first floor is an inviting landing area through to three well-proportioned bedrooms and a three-piece bathroom

Externally, the property benefits from a rear garden, off road parking is available to the front

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £5,000. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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